Sunday, July 31, 2016

 In many ways, Sir Philip Green is an entrepreneur of whom Britain's Jewish community should be proud...............

Green, BHS and the ethics of business

By Alex Brummer, April 27, 2016
Star power: Kendall Jenner, Cara Delevingne, Sir Phliip Green and Jourdan Dunn at a recent Top Shop fashion showStar power: Kendall Jenner, Cara Delevingne, Sir Phliip Green and Jourdan Dunn at a recent Top Shop fashion show
In many ways, Sir Philip Green is an entrepreneur of whom Britain's Jewish community should be proud. In 2002, when he bought Arcadia, through his family company Taverta, it was a basket-case, haemorrhaging cash.
With consummate financial management and skills in fast-fashion retailing he turned it around, restoring the great brands in the Arcadia portfolio - Topshop, Burton, Miss Selfridge, Wallace and Evans - to their former glory. It was this achievement which propelled him from perpetual commercial outsider into the billionaire class.
The Sunday Times Rich List values his family's private wealth - most of it held offshore in Monaco by his wife Tina - at £3.22bn.
Not surprisingly, Green is resentful about the hammering he is taking in the media and the House of Commons over his much criticised sale of the 88-year-old high street chain BHS and the plight of his pensioners. He has concerns that because he likes to work behind the scenes he doesn't get the credit he deserves for his philanthropic giving, often focused on the Jewish community. 

 For more read here;
http://www.thejc.com/comment-and-debate/comment/157462/green-bhs-and-ethics-business

11 comments:

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